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PNC Investments shares examples of investments that may help you reduce your tax bill.
A municipal bond is a debt security issued by a state, municipality, or county to finance its capital expenditure. Interest from municipal bonds are often exempt from federal taxes and in some cases, exempt from state and local taxes for residents. PNC Investments can help you find attractive municipal bonds to use in taxable investment accounts.
A taxable bond is a debt security whose return to the investor is subject to local, state, or federal taxes or some combination thereof. U.S. government bonds are generally exempt from local or state taxes.
Because of structural differences between mutual funds and ETFs, mutual funds generally incur more capital gains year over year. The ETF structure minimizes capital gains until shares are sold.
A separately managed account (SMA) is a portfolio of assets managed by a professional investment firm. SMAs generally have higher investment minimums than a mutual fund or ETF, but they provide greater transparency and control of what you own. SMAs offer tax-loss harvesting opportunities which allow the investor to offset capital gains from one investment with losses in another investment. PNCI can also provide a tax overlay service that coordinate taxes across multiple SMAs and can defer taxable gains for a period of time.
A strategist portfolio is a risk-based asset allocation model for clients and corporations. PNCI has tax-managed strategist portfolios with the objective of maximizing after-tax returns.
Fund selection is a very important step in tax-efficient investing. A PNCI financial advisor can help you design a financial plan suited for your unique investing needs.
While it’s important to have cash on hand in retirement, it doesn’t need to sit idle.
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Liquid assets may offer steady returns with less fluctuations to your principal investment as you retire
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Consider whether the opportunity for an income stream during your retirement helps meet your needs after considering costs.
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Working with PNC Investments
Neither PNC Investments nor your Financial Advisor provide tax advice. You should review your tax situation with your own independent tax professional to fully evaluate how you may benefit.
Learn more about how PNCI’s Tax-Managed Resources can help you achieve your long-term investment goals in a tax-efficient way!
No service or strategy described here, will prevent the realization of taxable gains from your investments. The services or strategies seek to minimize the current impact of taxes on your account but will not eliminate the eventual realization of imbedded gains from your account. Frequent withdrawals from your account will increase the likelihood of the realization of taxable gains from your account. Additional fees, commissions, or trading charges related to tax management services or strategy may apply. There is no assurance that the benefits of tax management services or strategies will exceed applicable fees, commissions, or trading charges in any given year.
This material is meant to educate and not to provide legal, tax, accounting or investment advice. PNC Investments and its affiliates and vendors do not provide legal, tax or accounting advice.
Important Investor Information:
Brokerage and insurance products are:
Not FDIC Insured. Not Bank Guaranteed. Not A Deposit. Not Insured By Any Federal Government Agency. May Lose Value
Securities products and brokerage services as well as managed account advisory services are offered by PNC Investments LLC, a registered broker-dealer and a registered investment adviser and Member FINRA and SIPC. Annuities and other insurance products are offered through PNC Insurance Services, LLC, a licensed insurance agency (CA License #0B57695).
PNC Investments and PNC Insurance Services do not provide legal, tax, or accounting advice.
This document provides information on additional compensation that PNC Investments receives from certain mutual fund companies, 529 plan program managers and insurance companies.
This document serves as the Retirement Account Customer Agreement for PNC Investments.
This document serves as the Brokerage Account Customer Agreement for PNC Investments.
This material does not constitute an offer or solicitation in any jurisdiction where or to any person to whom it would be unauthorized or unlawful to do so.
PNC Investments does not guarantee the performance of any investment. Investing results may vary. Investments may lose money. Diversification and asset allocation may not prevent a loss of investment.
PNC Investments LLC, PNC Insurance Services, LLC and PNC Bank, National Association are each affiliated with The PNC Financial Services Group, Inc.
Bank deposit products and services provided by PNC Bank, National Association. Member FDIC.